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Benzinga
Benzinga
Business
Henry Khederian

UNCOVERED: What s going on with nvidia stock tuesday - The Untold Story

Nvidia NVDA SoftBank SoftBank Group Citigroup
Kyiv,,Ukraine,-,January,29,,2025,Nvidia,Corporation,Logo,Displayed

Nvidia Corp (NASDAQ:NVDA) shares are trading lower Tuesday afternoon following reports that SoftBank Group (OTC:SFTBF) offloaded its entire stake in the chipmaker. Here’s what investors need to know.

What To Know: SoftBank sold 32.1 million shares of Nvidia in October, raising $5.83 billion to help fund its major investments in artificial intelligence, including a significant commitment to OpenAI. SoftBank's CFO noted the large AI investment requires the use of existing assets.

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